The ECB is widely anticipated to implement a 0.25% rate cut, following seven consecutive months of easing inflation across the eurozone.
Bitcoin inflows could see an increase this week following a key monetary policy decision in the European Union.
The European Central Bank (ECB) is expected to cut interest rates by 0.25% to 4.25% on June 6. The rate cut could boost investor appetite for risk assets such as Bitcoin (BTC), according to Jag Kooner, the head of derivatives at Bitfinex. Kooner told Cointelegraph:
The rate cut expectations come during a period of slowing inflation in Europe. May’s headline Consumer Price Index (CPI) is expected to come in at 2.6% — potentially marking the eighth consecutive month of inflation below the 3% mark.
